OREANDA-NEWS. At its session in Surgut on May 26, 2007, the Supervisory Board of UTair (UTair Aviation JSC) recommended that the annual general shareholders’ meeting approve RUR0.138 (approx. USD0.05) as dividend per common share for 2006, or twice as much as in 2005.

Furthermore, the Supervisory Board gave its preliminary approval to UTair’s draft annual report, annual financial statement, including the profit and loss account, for 2006.

Sales profit amounted to RUR864.362m (approx. USD33.37m), up from RUR229.087m (approx. USD8.845m) in 2005. The airline’s net profit totalled RUR263.895m (approx. USD10.19), up from RUR128.011m (approx. USD4.94m) a year earlier.

The annual general shareholders’ meeting of UTair Aviation has been scheduled to take place in Khanty-Mansiysk on June 28, 2007.